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950 Monte Vista ave - Brand New (20-Year) Abs NNN Corporate Lease - 3,600 SF Specialty Building Offered at $4,290,000 at a 5.25% Cap Rate in Upland, CA 91786
Investment Highlights
- Brand-New (20-Year) Corporately Guaranteed Lease with Three (5-Year) Renewal Options and Scheduled Rental Increases
- Premier Upland, Southern California Location - 1.5 miles from Whole Foods Market and adjacent to prestigious Claremont Colleges campus
- Affluent, Master-Planned Trade Area with strong demographics, including more than 380,000 residents and an average household income exceeding $118,700
- Absolute NNN Ground Lease with Zero Landlord Responsibilities
- Strong National Tenant / Corporate Guarantee - Quick Quack Car Wash owns and operates more than 330~ locations across Western United States
- Large 1.49-Acre Parcel - The site is strategically positioned and wraps the signalized, hard-corner intersection of Historic Route 66
Executive Summary
Brand New, Long-Term (20-Year) Absolute NNN Ground Lease with Strong Corporate Lease (Quick Quack Car Wash Holdings, LLC)
Brand-New (20-Year) Corporately Guaranteed Lease with Three (5-Year) Renewal Options and Scheduled Rental Increases
Absolute NNN Ground Lease with Zero Landlord Responsibilities
Premier Upland, Southern California Location - 1.5 miles from Whole Foods Market and adjacent to prestigious Claremont Colleges campus
Affluent, Master-Planned Trade Area with strong demographics, including more than 380,000 residents and an average household income exceeding $118,700
Large 1.49-Acre Parcel - The site is strategically positioned and wraps the signalized, hard-corner intersection of Historic Route 66 (Foothill Boulevard) and Monte Vista Avenue, with traffic counts exceeding 45,100 vehicles per day
Strong National Tenant / Corporate Guarantee - Quick Quack Car Wash owns and operates more than 330~ locations across Arizona, California, Colorado, Texas, and Utah, with continued expansion throughout the Western United States following an $850 million investment from KKR in 2024, positioned to become dominant national chain
Long-Term Tenant Commitment demonstrated by the execution of a brand-new 20-year lease with three (5-year) renewal options
Built-In Rental Growth featuring 10% rent increases every five years throughout the initial lease term and at the commencement of each renewal option, providing predictable NOI growth and a hedge against inflation
Passive Investment Opportunity with an absolute NNN lease structure, eliminating landlord management responsibilities while providing stable, long-term cash flow
Brand-New (20-Year) Corporately Guaranteed Lease with Three (5-Year) Renewal Options and Scheduled Rental Increases
Absolute NNN Ground Lease with Zero Landlord Responsibilities
Premier Upland, Southern California Location - 1.5 miles from Whole Foods Market and adjacent to prestigious Claremont Colleges campus
Affluent, Master-Planned Trade Area with strong demographics, including more than 380,000 residents and an average household income exceeding $118,700
Large 1.49-Acre Parcel - The site is strategically positioned and wraps the signalized, hard-corner intersection of Historic Route 66 (Foothill Boulevard) and Monte Vista Avenue, with traffic counts exceeding 45,100 vehicles per day
Strong National Tenant / Corporate Guarantee - Quick Quack Car Wash owns and operates more than 330~ locations across Arizona, California, Colorado, Texas, and Utah, with continued expansion throughout the Western United States following an $850 million investment from KKR in 2024, positioned to become dominant national chain
Long-Term Tenant Commitment demonstrated by the execution of a brand-new 20-year lease with three (5-year) renewal options
Built-In Rental Growth featuring 10% rent increases every five years throughout the initial lease term and at the commencement of each renewal option, providing predictable NOI growth and a hedge against inflation
Passive Investment Opportunity with an absolute NNN lease structure, eliminating landlord management responsibilities while providing stable, long-term cash flow
Property Facts
| Price | $4,290,000 | Building Class | B |
| Price Per SF | $1,191.67 | Lot Size | 1.49 AC |
| Sale Type | Investment NNN | Building Size | 3,600 SF |
| Cap Rate | 5.25% | No. Stories | 1 |
| Sale Conditions | Year Built | 2026 | |
| Property Type |
| Price | $4,290,000 |
| Price Per SF | $1,191.67 |
| Sale Type | Investment NNN |
| Cap Rate | 5.25% |
| Sale Conditions | |
| Property Type | |
| Building Class | B |
| Lot Size | 1.49 AC |
| Building Size | 3,600 SF |
| No. Stories | 1 |
| Year Built | 2026 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 1007-021-11 | Improvements Assessment | $0 |
| Land Assessment | $1,976,760 | Total Assessment | $1,976,760 |
Property Taxes
Parcel Number
1007-021-11
Land Assessment
$1,976,760
Improvements Assessment
$0
Total Assessment
$1,976,760
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